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While U.S. automobile companies have some responsibility for their current predicament, for many of the reasons you cite, the U.S. Treasury and Federal Reserve have unclean hands as well. Each of the car companies had adequate capital entering the fall, but when Treasury and the Fed "brought down the house" by letting Lehman Brothers fail, worldwide credit markets froze, preventing Americans from buying cars, since most people use loans or leases to do so. Financial markets and the lack of available consumer credit--not a lack of appealing car designs--are the reasons for this crisis, and piling the blame...

Author: /time Magazine | Title: Inbox | 12/17/2008 | See Source »

...Jihad Union, an Uzbek terror organization with ties to al-Qaeda. The group is believed to have been focusing on striking at U.S. targets as well. German police say that they observed the men purchasing and storing highly concentrated peroxide, which Germany's federal prosecutor believes was for making car bombs. The police further allege that the men scoped out U.S. military facilities or clubs where they believed frequented by Americans, according to a summary of the federal prosecutor indictment...

Author: /time Magazine | Title: Germany's Islamic Terrorists: Echoes of Baader-Meinhoff | 12/16/2008 | See Source »

...Somalia has overtaken Nigeria as a piracy problem spot, as it claims the title of Ultimate Failed State. It is a haven for Islamic terrorists, currently poised to take Mogadishu and already expanding their operations to neighboring states (for example, killing more than 30 people with five car and suicide bombs at U.N. and foreign government buildings in the autonomous northern regions of Puntland and Somaliland); a departure point for hundreds of thousands of refugees (a refugee camp over the border in Kenya is now the biggest in the world); a center for human trafficking to the Middle East...

Author: /time Magazine | Title: Analysis: To Beat Somalia's Pirates, Fix Their Country | 12/15/2008 | See Source »

...know the kind of guy I am. If I got a problem with you, I'm in your face." - on why he possibly couldn't have ordered someone to put a dead fish and rose on Anita Busch's car (The Los Angeles Times, June...

Author: /time Magazine | Title: Anthony Pellicano | 12/14/2008 | See Source »

...Moved to California in the early 1980's to help defend John Z. DeLorean (the man behind the Back to the Future car) on cocaine charges...

Author: /time Magazine | Title: Anthony Pellicano | 12/14/2008 | See Source »

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